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Thought to Ponder

Typically, price controls are imposed in order to keep prices from rising to the levels that they would reach in response to supply and demand. The political rationales for such laws have varied from place to place and from time to time, but there is seldom a lack of rationales whenever it becomes politically expedient to hold down someone's prices in the interests of someone else whose political support seems more important.Thomas Sowell… (next quote)